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CAPREIT Significantly Expands Presence in Halifax, Nova Scotia

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TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has waived conditions and agreed to acquire, subject to regulatory approvals, a portfolio of eight properties containing fourteen apartment buildings totaling 1,503 rental suites, well-located throughout the downtown core and surrounding metro area of Halifax,… [Read More]

NorthWest Healthcare Properties Real Estate Investment Trust Announces $225 Million Equity Financing

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TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) — NorthWest Healthcare Properties Real Estate Investment Trust (“NorthWest” or the “REIT”) (TSX: NWH.UN) announced today a public offering, on a “bought deal” basis, of 16,400,000 trust units (the “Units”) at a price of $12.20 per Unit (the “Offering Price”) representing gross proceeds of approximately $200.1 million (the “Public… [Read More]

Partners REIT Obtains Final Court Order Approving Plan of Arrangement

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TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) today announced that it has obtained a final order of the Ontario Superior Court of Justice approving the previously announced statutory plan of arrangement (the “Arrangement”) pursuant to which McCowan and Associates Ltd. (“MAA”) will acquire all… [Read More]

Dream Unlimited Corp. Announces Intention to Commence Substantial Issuer Bid

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TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) — DREAM UNLIMITED CORP. (DRM-TSX) (“Dream”, the “Company” or “we”) today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Company will offer to purchase up to 10,000,000 of its outstanding Class A subordinate voting shares (“Shares”) at a purchase price of $11.75… [Read More]

Allied to Acquire Major Class I Complex in Montréal

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TORONTO, Dec. 09, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) announced today that it has entered into an agreement to acquire a large and important Class I complex in Montréal, 747 Square-Victoria Street (“747 Square-Victoria”), for $276 million. The agreement is subject to regulatory approval but not subject to due-diligence, which… [Read More]

Allied sur le point d’acquérir un complexe immobilier important de classe I à Montréal

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TORONTO, 09 déc. 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) (« Fonds de placements immobiliers Allied Properties », ci-après « Allied ») a annoncé aujourd’hui avoir conclu une convention d’achat (la « Convention ») en vue d’acquérir un complexe immobilier important de Classe I situé à Montréal au 747 rue Square-Victoria (« 747 Square-Victoria »)… [Read More]

Value of SmartCentres Unencumbered Assets to Approximate $5.5 Billion as it Announces Repayment of Secured Debt

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TORONTO, Dec. 06, 2019 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it has recently completed the repayment of approximately $213 million aggregate principal amount of secured mortgage debt (the “Secured Loans”) which was secured by 13 retail properties having an aggregate estimated fair value of approximately $720 million…. [Read More]

Partners REIT Unitholders Approve Plan of Arrangement with McCowan and Associates Ltd.

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TORONTO, Dec. 05, 2019 (GLOBE NEWSWIRE) — Partners Real Estate Investment Trust (the “REIT” or “Partners”) (TSX: PAR.UN) announced today that the plan of arrangement pursuant to which McCowan and Associates Ltd. (“MAA”) will, among other things, acquire all of the outstanding units of the REIT (each, a “Unit”), except for the 9,229,704 Units (representing… [Read More]

Allied Announces December 2019 Distribution and Distribution Increase for 2020

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TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that its Trustees have (i) declared a distribution of $0.133 per unit for the month of December, 2019, payable on January 15, 2020, to unitholders of record on December 31, 2019, and (ii) approved an increase in monthly cash distributions for 2020… [Read More]

Inovalis Real Estate Investment Trust Announces a $45 Million Bought Deal Financing to Fund the Acquisition of the Remaining JV Ownership in Paris Property

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NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Inovalis Real Estate Investment Trust (the “REIT” or “Inovalis”) (TSX: INO.UN) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by Desjardins Capital Markets and… [Read More]

Allied Announces Closing of $345 Million Public Equity Offering

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has closed its previously announced offering of 6,555,000 units (inclusive of 855,000 units issued pursuant to the exercise in full… [Read More]

Global Restoration Holdings Completes Four Acquisitions

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TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that its operating subsidiary, Global Restoration Holdings (“Global”), has recently acquired four regional restoration companies, including Perfection Property Restoration (“Perfection”), Catastrophe Cleaning & Restoration Co. (“CATCO”), ASR Property Restoration (“ASR”) and JPL Disaster Recovery (“JPL”) to join its existing… [Read More]